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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Restaurant Restaurant Restaurant
Revenues:      
Rental $ 237,134 $ 219,881 $ 193,611
Restaurant 30,939 30,725 29,583
Total revenues 268,073 250,606 223,194
Operating expenses:      
General and administrative 23,789 22,680 20,043
Depreciation and amortization 54,514 50,731 41,471
Total operating expenses 118,902 113,668 97,325
Interest expense (49,231) (44,606) (36,405)
Other segment items, net 963 919 542
Realized gain on sale, net 0 2,341 8,139
Income tax expense (308) (130) (237)
Net income 100,595 95,462 97,908
Net income attributable to noncontrolling interest (122) (122) (136)
Net Income Available to Common Shareholders $ 100,473 $ 95,340 $ 97,772
Basic net income per share (in usd per share) $ 1.07 $ 1.08 $ 1.2
Diluted net income per share (in usd per share) $ 1.07 $ 1.07 $ 1.2
Weighted average number of common shares outstanding:      
Basic (in shares) 93,643,129 88,526,343 81,590,124
Diluted (in shares) 94,064,498 88,747,028 81,807,065
Dividends declared per common share (in usd per share) $ 1.39 $ 1.365 $ 1.3375
Property      
Operating expenses:      
Expenses $ 11,575 $ 11,550 $ 7,989
Restaurant      
Operating expenses:      
Expenses $ 29,024 $ 28,707 $ 27,822